SEC Approves Five-Year Pilot Program for Tokenized U.S. Stock Trading
Source Summary
The U.S. Securities and Exchange Commission has opened a five-year experimental pathway for tokenized stock trading on decentralized finance-style venues. The framework permits DeFi trading platforms, tokenization firms, and liquidity providers to operate within a new regulatory structure, though synthetic stock tokens remain excluded from the program.
Why it matters
This regulatory approval establishes the first formal U.S. pathway for blockchain-based stock trading infrastructure, potentially reshaping how equities are traded and settled.
